@dmertz
Thanks for that insights - every point you made was very helpful. It's also useful to know that Employer contributions can only be made to the traditional 401(k).
One clarification (contrary to what I had said earlier): It seems my plan DOES allow after-tax contributions to the traditional 401(k) account.
Here are the specific clauses in my plan:
* Allows Elective Deferrals
* Allows In-Plan Roth Rollovers
* Allows Direct In-Plan Roth Rollover
* Allows an outstanding loan amount be included in a Direct In-Plan Roth Rollover
* Accepts Indirect In-Plan Roth Rollovers
Do these mean the plan allows after-tax contributions? (I would assume so, I selected "yes" for every box when setting up the plan). What would my contribution limits to the EMPLOYER portion of my Individual 401k and Individual Roth 401k be in this case? (I assume EMPLOYEE limits dont change and still can be a max combined of $19,500)
Can I do this?
step 1: EMPLOYEE contributions: Put $19,500 in my Individual Roth 401k (employee portion). Put $0 in my Individual 401k (employee portion) since I have used the $19,500 limit up for the Roth 401K above
step 2: EMPLOYER contributions: Contribute $57000-$19500 = $37,500 into my Individual 401k, given my income levels? Or would it be $18,769 as you mentioned, or would it be different since my plan seems to allow after-tax contributions?
step 3: Then, immediately roll the entire EMPLOYER contribution amount from my Individual 401k into my Individual Roth 401k? (no tax deferral benefit)
Some related q's:
1. Would a MEGA BACKDOOR Roth be necessary / useful to me, to maximize my contributions to a Roth?
2. On top of all this, can I still do a regular backdoor Roth contribution of $6000 (contribute to my traditional IRA and immediately roll it over into my Roth IRA)?
3. Lastly, can I open a solo / individual 457(b) plan on top of what I am doing above to increase my retirement contributions / deferrals?
